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Saudi Finance Minister Replaced With Capital Markets Head | Tony Seruga
Oct
31

Saudi Finance Minister Replaced With Capital Markets Head

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Ibrahim al-Assaf in Tokyo, on Sept. 1, 2016.

Photographer: Tomohiro Ohsumi/Bloomberg
  • Royal order excuses Al-Assaf, long-time finance minister
  • Former Capital Markets chief Mohammed Al-Jadaan his successor

Saudi Arabia’s finance minister for two decades was replaced on Monday, the latest in a series of government shake-ups as the world’s largest oil exporter tries to remake its economy.

A royal order published by the official Saudi Press Agency excused Ibrahim Al-Assaf from his post and replaced him with Mohammed Al-Jadaan, formerly head of the kingdom’s Capital Markets Authority. Al-Assaf was appointed a state minister and will remain a member of the cabinet…

Saudi Finance Minister Replaced With Capital Markets Head

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